Davos Watch

Jan. 22, 2015 7:08 pm ET

ECB Other Reforms Needed

Shortly after the announcement of quantitative easing by the European Central Bank, Martin Sorrell, chief executive of WPP Group PLC, a British multinational advertising and public-relations company, said in Davos “we have seen QE in the U.S. and Japan, but the key is structural reform. Without that it may not work and I see little sign [of structural reform] in key countries like France and Italy.”

To reinforce how inflexible the eurozone remains when it comes to the labor market, he said: “we had...